Total Asset Turnover
since 2005
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Calculation
Best Buy Co. Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jan 29, 2022 | = | ÷ | |||
| Jan 30, 2021 | = | ÷ | |||
| Feb 1, 2020 | = | ÷ | |||
| Feb 2, 2019 | = | ÷ | |||
| Feb 3, 2018 | = | ÷ | |||
| Jan 28, 2017 | = | ÷ | |||
| Jan 30, 2016 | = | ÷ | |||
| Jan 31, 2015 | = | ÷ | |||
| Feb 1, 2014 | = | ÷ | |||
| Feb 2, 2013 | = | ÷ | |||
| Mar 3, 2012 | = | ÷ | |||
| Feb 26, 2011 | = | ÷ | |||
| Feb 27, 2010 | = | ÷ | |||
| Feb 28, 2009 | = | ÷ | |||
| Mar 1, 2008 | = | ÷ | |||
| Mar 3, 2007 | = | ÷ | |||
| Feb 25, 2006 | = | ÷ | |||
| Feb 26, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
1 US$ in millions
- Revenue Trends
- Revenue displayed a consistent upward trend from 2005 through 2008, increasing from approximately 27.4 billion to over 40 billion US dollars. Following this period, revenue continued growing, though with some fluctuations, reaching a peak near 50.7 billion in 2012. A decline occurred between 2012 and 2015, where revenue decreased steadily to around 39.4 billion. From 2016 onwards, revenue gradually increased year-over-year, culminating in a notable rise to approximately 51.8 billion by early 2022.
- Total Assets Movements
- Total assets generally increased from 2005 to 2010, nearly doubling from about 10.3 billion to 18.3 billion US dollars. After 2010, total assets experienced irregular movements, including a decline to roughly 13 billion in 2012 and further fluctuations thereafter. Notably, assets rose sharply around 2020 to over 19 billion before retreating to approximately 17.5 billion by early 2022, indicating some volatility during the latter period.
- Total Asset Turnover Analysis
- The total asset turnover ratio displayed variability over the years, fluctuating between roughly 2.48 and 3.32. Higher turnover values, observed in 2008, 2012, and between 2017 and 2019, suggest periods of increased efficiency in utilizing assets to generate revenue. Conversely, lower ratios in 2006, 2020, and 2021 indicate relatively diminished asset utilization efficiency in those years. The ratio's pattern suggests that asset management effectiveness experienced cycles of peaks and troughs rather than a consistent trend.
- Overall Insights
- Overall, the company demonstrated growth in revenue over the analyzed period despite intermittent decreases. Total assets grew significantly in the early years but showed volatility in the later years, potentially reflecting strategic asset adjustments or market conditions. The asset turnover ratio's fluctuations imply varying efficiency in using assets that did not strictly correlate with revenue or asset size trends. The data collectively indicates that while revenue growth was resilient, asset management and utilization efficiency underwent notable changes, highlighting the importance of monitoring operational effectiveness alongside growth metrics.
Comparison to Competitors
Best Buy Co. Inc., total asset turnover, long-term trends, comparison to competitors
| Best Buy Co. Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Jan 29, 2022 | |||||
| Jan 30, 2021 | |||||
| Feb 1, 2020 | |||||
| Feb 2, 2019 | |||||
| Feb 3, 2018 | |||||
| Jan 28, 2017 | |||||
| Jan 30, 2016 | |||||
| Jan 31, 2015 | |||||
| Feb 1, 2014 | |||||
| Feb 2, 2013 | |||||
| Mar 3, 2012 | |||||
| Feb 26, 2011 | |||||
| Feb 27, 2010 | |||||
| Feb 28, 2009 | |||||
| Mar 1, 2008 | |||||
| Mar 3, 2007 | |||||
| Feb 25, 2006 | |||||
| Feb 26, 2005 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Best Buy Co. Inc., total asset turnover, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Best Buy Co. Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 29, 2022 | ||
| Jan 30, 2021 | ||
| Feb 1, 2020 | ||
| Feb 2, 2019 | ||
| Feb 3, 2018 | ||
| Jan 28, 2017 | ||
| Jan 30, 2016 | ||
| Jan 31, 2015 | ||
| Feb 1, 2014 | ||
| Feb 2, 2013 | ||
| Mar 3, 2012 | ||
| Feb 26, 2011 | ||
| Feb 27, 2010 | ||
| Feb 28, 2009 | ||
| Mar 1, 2008 | ||
| Mar 3, 2007 | ||
| Feb 25, 2006 | ||
| Feb 26, 2005 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Industry (Consumer Discretionary)
Best Buy Co. Inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| Best Buy Co. Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 29, 2022 | ||
| Jan 30, 2021 | ||
| Feb 1, 2020 | ||
| Feb 2, 2019 | ||
| Feb 3, 2018 | ||
| Jan 28, 2017 | ||
| Jan 30, 2016 | ||
| Jan 31, 2015 | ||
| Feb 1, 2014 | ||
| Feb 2, 2013 | ||
| Mar 3, 2012 | ||
| Feb 26, 2011 | ||
| Feb 27, 2010 | ||
| Feb 28, 2009 | ||
| Mar 1, 2008 | ||
| Mar 3, 2007 | ||
| Feb 25, 2006 | ||
| Feb 26, 2005 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).